莱坊国际：2025年全球数据中心报告：资本、能源和创新驱动下的行业格局变迁（英文版）（28页）.pdf

1、 2025Capital,Power,and Innovation:The shifting landscape of global data centresGlobal Data Centres ReportGLOBAL DATA CENTRES REPORT 2025GLOBAL DATA CENTRES REPORT 202523Background6 INTRODUCTION TO DATA CENTRESInvestment Landscape10 INVESTMENT CASE11 TRANSACTION VOLUMES12 CAPITAL FLOWS14 YIELD PROFIL

2、E15 HYPERSCALER/REITS PERFORMANCEForewordSTEPHEN BEARDGLOBAL HEAD OF DATA CENTRES DEVELOPMENT&INVESTMENTThe global data centre industry stands at a pivotal crossroads marked by both extraordinary momentum and mounting complexity.From my vantage point within this dynamic sector,it is clear that the p

3、ace of transformation is unlike anything weve seen before.Whether in the innovation hubs of North America,the connectivity hubs of Europe,or the fast-scaling digital economies of Asia-Pacific and the Middle East,data centres are now without question,the essential backbone of the worlds digital infra

4、structure.This year,we will see the full impact of artificial intelligence begin to unfold no longer a future concept,but a force driving real,immediate change.The deployment of AI-specific infrastructure is rising sharply.In the United States,the race for AI dominance is intensifying,exemplified by

5、 OpenAIs ambitious$500 billion“Stargate”initiative to build next-generation AI infrastructure nationwide.In Japan,the government has unveiled plans to fund domestic AI chips and edge infrastructure to reduce dependency on foreign compute power.Meanwhile,in the UK,recent government interventions in d

6、ata centre planning decisions signal a growing commitment to accelerating AI capabilities and supporting cutting-edge research infrastructure.This wave of AI development is triggering immense pressure on existing power and cooling systems,compelling us to innovate across the board.In Frankfurt,opera